"Smartphones and tablets offer amazing new opportunities for Seagate to provide new consumer storage solutions in an increasingly mobile world, " said Scott Horn, vice president of Marketing at Seagate.

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The transaction would combine two highly complementary product and technology portfolios, adding LaCie's line of premium branded consumer storage solutions, network-attached storage solutions and software offerings to Seagate's array of mainstream consumer storage products.

ENGADGET: Seagate to buy LaCie for $186 million, expand its storage empire

The TV, DVR and External Storage or client non-compute applications are storage solutions designed for consumer electronic devices such as media recorders and disk drives used for external storage such as a portable external disk and network-attached storage.

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Marvell Technology Group (NASDAQ: MRVL) is a world leader in the development of storage, communications and consumer silicon solutions.

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"With the proliferation of devices and content being shared and stored today, consumer demand for high-quality branded storage solutions continues to grow, " said Philippe Spruch, LaCie's chairman and CEO.

ENGADGET: Seagate to buy LaCie for $186 million, expand its storage empire

Before going public in 2014 Cheil merged with the Lee family's de facto holding company, Samsung Everland, and another affiliate, Samsung SDI, to create a leading producer of energy-storage solutions, including batteries for autos and consumer electronics, as well as specialty materials used in the manufacture of TVs, semiconductors and smartphones.

FORBES: #14 Lee Seo-Hyun